ISBN: 9781589067905

Various types of shocks cause fiscal outcomes to deviate from budgets and expectations—often by large amounts. Evidence presented in this paper has shown that macroeconomic shocks and calls on contingent lia...

ISBN: 9781589067905

This paper analyzes the main sources of fiscal risks, including from unexpected changes in macroeconomic variables and banking crises, which can have major consequences for countries fiscal and public debt sustaina...

ISBN: 9781589067905

This paper analyzes the main sources of fiscal risks, including from unexpected changes in macroeconomic variables and banking crises, which can have major consequences for countries fiscal and public debt sustaina...

ISBN: 9781589067905

This paper analyzes the main sources of fiscal risks, including from unexpected changes in macroeconomic variables and banking crises, which can have major consequences for countries fiscal and public debt sustaina...